SYNDY: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SYNDY
Largest movements
- Intangible fixed assets +€13,643
new in 2025: €13,643
- Receivables within one year +€8,278
up €8,278 (+229.4%), from €3,609 to €11,886
of which Other amounts receivable: +€10,871
- Cash +€4,735
up €4,735 (+33.5%), from €14,130 to €18,865
mainly Net result for the year (+€14,287) and Debts after one year (+€10,954)
- Tangible fixed assets +€3,108
up €3,108 (+14.6%), from €21,328 to €24,436
of which Plant, machinery and equipment: +€7,320
- Deferred charges and accrued income +€2,644
up €2,644 (+123.8%), from €2,135 to €4,779
- Profit (loss) carried forward +€14,287
up €14,287 (+77.4%), from €18,448 to €32,735
- Debts after one year +€10,954
new in 2025: €10,954
- Current portion of long-term debt +€10,811
new in 2025: €10,811
- Other debts -€8,053
no longer reported in 2025 (was €8,053)
- Accrued charges and deferred income +€3,830
new in 2025: €3,830
- Gross operating margin -€12,517
down €12,517 (-28.6%), from €43,703 to €31,186
- Depreciation -€5,260
down €5,260 (-54.0%), from €9,748 to €4,487
- Taxes -€1,094
down €1,094 (-15.2%), from €7,215 to €6,121
- Other operating charges +€1,047
up €1,047 (+109.5%), from €956 to €2,002
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,202 | €73,610 | +€32,408 | +78.7% |
| Fixed assets | 21/28 | €21,328 | €38,079 | +€16,751 | +78.5% |
| Intangible fixed assets | 21 | - | €13,643 | +€13,643 | |
| Tangible fixed assets | 22/27 | €21,328 | €24,436 | +€3,108 | +14.6% |
| Plant, machinery and equipment | 23 | €14,904 | €22,224 | +€7,320 | +49.1% |
| Furniture and vehicles | 24 | €6,423 | €2,212 | -€4,212 | -65.6% |
| Current assets | 29/58 | €19,875 | €35,531 | +€15,657 | +78.8% |
| Amounts receivable within one year | 40/41 | €3,609 | €11,886 | +€8,278 | +229.4% |
| Trade receivables | 40 | €3,609 | €1,015 | -€2,593 | -71.9% |
| Other amounts receivable | 41 | - | €10,871 | +€10,871 | |
| Cash at bank and in hand | 54/58 | €14,130 | €18,865 | +€4,735 | +33.5% |
| Deferred charges and accrued income | 490/1 | €2,135 | €4,779 | +€2,644 | +123.8% |
| Total equity and liabilities | 10/49 | €41,202 | €73,610 | +€32,408 | +78.7% |
| Equity | 10/15 | €20,448 | €34,735 | +€14,287 | +69.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,448 | €32,735 | +€14,287 | +77.4% |
| Amounts payable | 17/49 | €20,754 | €38,875 | +€18,120 | +87.3% |
| Amounts payable after more than one year | 17 | - | €10,954 | +€10,954 | |
| Financial debts | 170/4 | - | €10,954 | +€10,954 | |
| Amounts payable within one year | 42/48 | €20,754 | €24,091 | +€3,337 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,811 | +€10,811 | |
| Trade debts | 44 | €3,273 | €5,010 | +€1,737 | +53.1% |
| Suppliers | 440/4 | €3,273 | €5,010 | +€1,737 | +53.1% |
| Taxes, remuneration and social security | 45 | €9,429 | €8,270 | -€1,159 | -12.3% |
| Taxes | 450/3 | €9,429 | €8,270 | -€1,159 | -12.3% |
| Other amounts payable | 47/48 | €8,053 | - | -€8,053 | |
| Accrued charges and deferred income | 492/3 | - | €3,830 | +€3,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,748 | €4,487 | -€5,260 | -54.0% |
| Other operating charges | 640/8 | €956 | €2,002 | +€1,047 | +109.5% |
| Gross operating margin | 9900 | €43,703 | €31,186 | -€12,517 | -28.6% |
| Operating profit (loss) | 9901 | €33,000 | €24,696 | -€8,304 | -25.2% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €4,291 | €4,317 | +€26 | +0.6% |
| Recurring financial charges | 65 | €4,291 | €4,317 | +€26 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €28,709 | €20,408 | -€8,301 | -28.9% |
| Income taxes | 67/77 | €7,215 | €6,121 | -€1,094 | -15.2% |
| Profit (loss) for the period | 9904 | €21,494 | €14,287 | -€7,207 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,494 | €14,287 | -€7,207 | -33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.